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Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to announce that it has agreed, subject to all necessary approvals, to a bought deal brokered private placement with Primary Capital Inc. of Toronto (the "Agent") to place 6,000,000 Units of the Company at a price of $0.85 per Unit for gross proceeds of $5,100,000 (the "Private Placement"). Each Unit will be comprised of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share of the Company at a price of $1.10 for a period of one year following the closing of the Private Placement and at a price of $1.25 during the second year following the closing of the Private Placement. A 6% cash commission is payable to the Agent. In addition, the Agent will receive 360,000 Agents Warrants. Each Agent Warrant will be exercisable at a price of $0.85 per Agents Warrant into Units of the Company (the Agent's Units). The Agents Units will be comprised of one common share and one half of one common share purchase warrant and the warrant will have terms similar to the warrants issued pursuant to the Units.

The proceeds of the Offering will be used by Helio for general corporate working capital.